Wall Street Today: DJIA, S&P 500 and Nasdaq Composite Rise on MU, ORCL, TSLA and CRWV Strength
The Dow-30, S&P 500 and Nasdaq Composite rose Monday for a third straight session as select Big Techs like Oracle, CoreWeave, Micron and Tesla gained ground.
The $S&P 500 Index (.SPX.US)$ added 43.99 points (0.6%) to a 6,878.49 close, while the $Nasdaq Composite Index (.IXIC.US)$ gained 121.21 ticks (0.52%) to 23,428.83 and the $Dow Jones Industrial Average (.DJI.US)$ improved by 227.79 points (0.47%) to 48,362.68.
Macro
The key indexes rose in part on strength for Big Tech stocks, especially some artificial-intelligence names that have been trending lower in recent weeks after hitting record highs in the summer and fall.
Monday's noteworthy percentage gainers among techs included $NEBIUS (NBIS.US)$ (up 4.2%), $Micron Technology (MU.US)$ (4% better after earlier hitting an intraday record high), $Oracle (ORCL.US)$ (3.3% stronger), $CoreWeave (CRWV.US)$ (which added 2.2%), $Tesla (TSLA.US)$(1.6% firmer) and $NVIDIA (NVDA.US)$ (1.5% higher). Big Techs mostly rose last Thursday and Friday as well.
Adding to Monday's positive mood on Wall Street, some large-cap healthcare/pharma stocks like Dow components $Merck & Co (MRK.US)$ (up 3.6%) also gained ground. That helped to offset losses for Dow member $Nike (NKE.US)$(down 2.5%).
Meanwhile, $Gold (LIST2110.US)$ and $Silver (LIST2093.US)$ set new all-time intraday highs on some weakness for the U.S. dollar.
$Gold Futures (APR6) (GCmain.US)$ rose as much as 2.1% to a $4,477.70-an-ounce record, while $Silver Futures (MAR6) (SImain.US)$ added 3% to a $69.525-an-ounce all-time intraday peak.
Both metals rose in part on a "flight-to-safety" move amid geopolitical tensions following word that the United States is pursuing another tanker carrying Venezuelan oil as part of a blockade against the Communist country's petroleum exports.
Additionally, U.S. forces struck alleged rebel Islamic State of Iraq and Syria targets in Syria on Friday in retaliation for a recent ISIS attack that killed three American personnel.
That said, cryptocurrencies traded mixed Monday afternoon after earlier generally seeing gains.
$Bitcoin (BTC.CC)$ was trading 0.1% higher at $88,380.01, but $Ethereum (ETH.CC)$ lost 0.3% to $2,981.47, $Solana (SOL.CC)$eased 0.9% to $124.43 and $Ripple (XRP.CC)$shed 0.8% to $1.90. All four cryptocurrencies had been trading in the green earlier on Monday.
Moo-vers
The "Magnificent Seven" stocks followed the broader tech market higher Monday and mostly ended higher.
Five Mag-7 names rose, led by $Tesla (TSLA.US)$and $NVIDIA (NVDA.US)$ their previously mentioned gains of 1.6% and 1.5%, respectively.
Other Mag-7 winners included $Alphabet-A (GOOGL.US)$ (up 0.9%), $Amazon (AMZN.US)$ (0.5% better) and $Meta Platforms (META.US)$ (0.4% firmer).
Only AAPL (off 1%) and MSFT (down 0.3%) fell among the Mag-7 stocks.
Elsewhere on Wall Street, Monday's noteworthy percentage decliners included:
-- $Trump Media & Technology (DJT.US)$, down 10.4%. U.S. President Donald Trump's media company pulled back after rising 53.7% Thursday and Friday on word of plans to merge with fusion-energy company TSE Technologies.
-- $Netflix (NFLX.US)$, down 1.3%. The streaming giant eased on news that $Paramount Skydance (PSKY.US)$ has sweetened a tender offer for $Warner Bros Discovery (WBD.US)$, which has already accepted Netflix's $72 billion proposal to buy the entertainment giant's Hollywood assets. However, PSKY is taking a rival bid directly to shareholders. On Monday, Paramount announced that Oracle co-founder Larry Ellison – whose son controls PSKY – would personally guarantee $40.4 billion of PSKY's financing and any damages surrounding the deal. Paramount rose 4.3% on the news, while WBD added 3.5%.
Meanwhile, Monday's significant percentage gainers included:
-- Select space-related stocks. Micro-cap $Sidus Space (SIDU.US)$ soared 97.4% on a U.S. military contract worth as much as $151 billion for missile defense, while $Rocket Lab (RKLB.US)$ gained 10% and hit an intraday record high on a separate $188 million agreement tied to U.S. anti-missile systems. Other space stocks to gain ground included $AST SpaceMobile (ASTS.US)$ (14% stronger), $Intuitive Machines (LUNR.US)$ (up 11.7%) and $Redwire (RDW.US)$ (6.5% firmer).
-- Certain quantum-computing stocks, which rose on a combination of Wall Street's more "risk-on" stance Monday and rebounds from big declines the sector saw between October and November. Monday's gainers included $D-Wave Quantum (QBTS.US)$ (20% better), $Rigetti Computing (RGTI.US)$ (up 13.1%), $Quantum Computing (QUBT.US)$ (which added 12.9%) and $IonQ Inc (IONQ.US)$ (11.1% firmer).

Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors' financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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